| Description: |
7 Unit Apartment Building ( four 2 bed three 1 bed). Four section 8 tentants. Lots of work and rennovations have been done in 2007. Fantastic property management, PERFECT for out of state investor. For sale by owner. 3% to buyer agent. Please call Scott 619 962 1540 Price $249000.Gross income=37,800( 4 on section 8)County Taxes =1317Town Taxes =746Insurance =1050Water =1500PManager =3600Vacancy 5% =1860R&M =1500 NOI =26227Cap rate 10.53 ( with GREAT Property Manager. An individual who lives 2 blocks away and does most of the maintainence himself. All for just $300 a month) Location Description:Corner of Oakdale and Crymes Cove Road down the hill from the Country Club. Waynesville NC. 40minutes west of Asheville. |